Suominen 1H 2019 results: Operating profit jumps 24% despite 1.4% drop in sales
HELSINKI, August 7, 2019-
- Net sales decreased by 6% and amounted to EUR 103.8 million (110.0). The impact of EUR/USD exchange rate changes increased the net sales by EUR 3.4 million.
- Operating profit decreased by 9% to EUR 2.7 million (2.9).
- Cash flow from operations was EUR 9.1 million (10.8). In the comparison period the cash flow was impacted by tax refunds of EUR 7.0 million in the US.
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